There were 4 car parks for sale, there are now only 2 For Sale - Vacant Possession.

Sale Price - $75,000 for the 2 vacant car parks, No GST. The car parks can be sold individually.

NOTE - there are no tenants in place and these car parks are not part of a public car park. Buyers who are not planning to occupy the car parks should make their own, independent investigations regarding current car park rental rates in the area.

Prior to Covid-19, car parks in this car park building were selling for $50,000 each, take the opportunity to snap these car parks up at only $37,500 each.

Outgoings for this financial year have just been set at $2,300 per car park + GST.

This car park building does not offer public parking, car parks are individually numbered, and only permanent tenants and owners can access and use their exclusive space.

This car park building is located diagonally behind Ballow Chambers (pictured) and was built to satisfy the parking needs of the doctors and staff of Ballow Chambers and the surrounding buildings at the bottom end of Wickham Terrace, Spring Hill. Pedestrians can access Ballow Chambers and Wickham Terrace from the rear of the car park building, you're only meters from Central Rail and the CBD. Current owners of car parks in the building include occupants of neighbouring buildings, office workers in the city, and investors who rent out their car parks.

Don't miss your chance to buy this unique investment opportunity.

Please Note: Ballow Chambers Car Park is a Company Title Building IT IS NOT Freehold Strata Title. Company Title is a very old way of holding property and due to this ownership structure Company Title properties can be more complicated to mortgage. With Company Title you're buying shares in the company that has the building as its business rather than buying a freehold property. If you're intending to borrow to buy this property please consult your bank or finance broker FIRST to discuss your situation.

For more information or to arrange an inspection contact me directly today.

I've been involved in the sale and leasing of property in the Spring Hill Precinct for the past 32 years. If you want to deal with an agent who knows the area contact me directly on 0413 767 3...